Northland Capmk Analysts Reduce Earnings Estimates for Amprius Technologies, Inc. (NYSE:AMPX)

Amprius Technologies, Inc. (NYSE:AMPX - Free Report) - Analysts at Northland Capmk lowered their FY2024 earnings per share (EPS) estimates for shares of Amprius Technologies in a research report issued to clients and investors on Monday, May 13th. Northland Capmk analyst D. Schafer now anticipates that the company will post earnings of ($0.43) per share for the year, down from their prior forecast of ($0.40). The consensus estimate for Amprius Technologies' current full-year earnings is ($0.42) per share.

Amprius Technologies (NYSE:AMPX - Get Free Report) last released its earnings results on Thursday, May 9th. The company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). Amprius Technologies had a negative return on equity of 59.58% and a negative net margin of 350.70%. The business had revenue of $2.34 million for the quarter, compared to the consensus estimate of $1.70 million. During the same period in the previous year, the company posted ($0.11) earnings per share.

A number of other brokerages also recently commented on AMPX. B. Riley lowered their price target on shares of Amprius Technologies from $8.00 to $6.00 and set a "buy" rating for the company in a report on Tuesday, April 30th. Oppenheimer reaffirmed an "outperform" rating and issued a $15.00 price target on shares of Amprius Technologies in a research note on Friday, March 22nd. HC Wainwright reiterated a "buy" rating and issued a $10.00 target price on shares of Amprius Technologies in a report on Thursday, April 4th. Finally, Alliance Global Partners cut their price target on Amprius Technologies from $10.00 to $9.00 and set a "buy" rating on the stock in a research note on Friday, May 10th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $10.00.

Amprius Technologies Trading Up 1.5 %

AMPX stock traded up $0.02 during midday trading on Wednesday, hitting $1.32. The company's stock had a trading volume of 1,289,412 shares, compared to its average volume of 681,870. The company has a market cap of $120.91 million, a PE ratio of -3.07 and a beta of 2.96. The firm's 50-day moving average is $2.23 and its 200-day moving average is $3.35. Amprius Technologies has a 12 month low of $1.22 and a 12 month high of $10.63.

Insider Activity

In other Amprius Technologies news, insider Jonathan Bornstein sold 109,800 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $2.92, for a total transaction of $320,616.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 14.90% of the company's stock.

Institutional Trading of Amprius Technologies

Institutional investors have recently made changes to their positions in the business. Barclays PLC grew its position in Amprius Technologies by 2,623.0% during the 3rd quarter. Barclays PLC now owns 29,163 shares of the company's stock worth $140,000 after purchasing an additional 28,092 shares during the last quarter. Pathstone Family Office LLC purchased a new stake in shares of Amprius Technologies during the third quarter valued at $60,000. Kestra Advisory Services LLC acquired a new position in shares of Amprius Technologies in the 3rd quarter valued at $484,000. Invesco Ltd. purchased a new position in Amprius Technologies in the 3rd quarter worth $8,006,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in Amprius Technologies during the 3rd quarter worth about $58,000. Institutional investors and hedge funds own 5.04% of the company's stock.

Amprius Technologies Company Profile

Amprius Technologies, Inc produces and sells ultra-high energy density lithium-ion batteries for mobility applications. The company offers silicon nanowire anode batteries. Its batteries are primarily used for existing and emerging aviation applications, including unmanned aerial systems, such as drones and high-altitude pseudo satellites.